In preparation for its initial resource estimate due by the end of the third quarter, Wallbridge Mining (TSX: WM) is nearing completion of the definition drilling program at the Fenelon gold property 75 km northwest of Matagami, in Quebec.
Work has been done on multiple areas within a 1-km by 1.2-km area in the central part of the Fenelon gold system. The company has drilled about 260,000 metres within the last three years.
An aerial view of Wallbridge Mining’s Fenelon gold project in northern Quebec. Credit: Wallbridge Mining.
Highlights from the Tabasco-Cayenne-Contact zone included 3.75 grams gold per tonne over 27 metres, including 5.73 grams gold per tonne over 16 metres in drillhole FA-21-268A; 4.95 grams gold per tonne over 11.7 metres, including 9.22 grams gold per tonne over 5.7 metres, and 17.6 grams gold per tonne over 2.40 metres in drillhole FA-21-264A; and 6.79 grams gold per tonne over 5.5 metres, including 51.1 grams gold per tonne over 0.60 metres in FA-21-260.
Assays from Area 51 returned 1.93 grams gold per tonne over 13.5 metres and 92.38 grams gold per tonne over 0.5 metres in FA-21-2644 above 300 metres; and 2.23 grams gold per tonne over 10.8 metres in FA-21-224 below 300 metres.
Wallbridge executives are awaiting the initial resource estimate, saying it will provide a snapshot of the true potential of the Fenelon system, which remains open.
The company has a land package stretching almost 90 km east from the Quebec border and covering more than 900 sq. km of the Detour-Fenelon gold trend. The package includes the Martinere gold and the Grasset nickel sulphide projects, both of which are in the advanced exploration stage.
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